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QUESTION

Suppose you needed $ 22 comma 000$22,000 to maintain a particular standard of living in 19781978. How much would you have needed in 20032003 to maintain the same standard of​ living? Assume that all

Suppose you needed $ 22 comma 000$22,000 to maintain a particular standard of living in 19781978. How much would you have needed in 20032003 to maintain the same standard of​ living? Assume that all prices have risen at the same rate as the CPI.

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